WASHINGTON (Reuters) - Contracts to buy previously owned U.S. homes slipped in August due to a shortage of lower priced inventory in most of the country, an industry group said on Thursday. Full story
Home investors bought 1.23 million homes in 2011, a 65 percent jump from 2010. 50 percent of those purchases were either foreclosures or short sales. Lawrence Yun, National Association of Realtors chief economist; Gary Beasley, Wayport Real Estate Grou...
epa03438956 A file photo dated 06 June 2007 showing a real estate sign seen in front of a house in Queens, New York. Reports on 19 October 2012 state sales of existing homes in USA fell 1,7 per cent in September. US National Association of Realtors however said the national median home price record